BTU vs KTF: Correlation
Measured on weekly returns over the past three years, Peabody Energy Corporation (BTU) and DWS Municipal Income Trust (KTF) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTU and KTF?
Across a 3-year window, the weekly returns of BTU and KTF correlate at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. Stretching to 5 years gives -0.00, with an annualized covariance of -133.4 %².
Out of 10 assets tracked against BTU, KTF lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with BTU ahead by 67.8 points (+77.6% versus +9.8%). One caveat on sizing: BTU is 4.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BTU vs KTF: side by side
| BTU (Peabody Energy Corporation) | KTF (DWS Municipal Income Trust) | |
|---|---|---|
| 1-year return | +77.6% | +9.8% |
| 5-year return | +95.9% | -3.3% |
| Volatility (ann.) | 52.8% | 11.7% |
| Beta vs S&P 500 | 0.73 | 0.19 |
| Max drawdown (3Y) | -65.1% | -11.3% |
| Market cap | $3.6B | $0.3B |
| P/E (trailing) | – | 10.1 |
| Dividend yield | 1.10% | 8.35% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTU | KTF |
|---|---|---|
| 2022 | +162.4% | -23.7% |
| 2023 | -7.0% | +7.1% |
| 2024 | -12.8% | +13.8% |
| 2025 | +44.2% | +4.6% |
| 2026 | -0.0% | +2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTU and KTF good diversifiers for each other?
Yes. With a correlation of -0.22, BTU and KTF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BTU and KTF?
The BTU/KTF correlation stands at -0.22 on a 3-year window (1 year: -0.21, 5 years: -0.00), computed from weekly returns as of 2026-08-27.
Is KTF a good diversifier for BTU?
Yes. With a correlation of -0.22, BTU and KTF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/btu-vs-ktf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/btu-vs-ktf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BTU correlations · KTF correlations
